Zimbalist Corporation Reports a Decrease in Salaries Payable of $6000

question 118

Multiple Choice

Zimbalist Corporation reports a decrease in salaries payable of $6000. If salaries expense totaled $182,000 for the year, the cash paid to employees is:

• A)$6000.
• B)$176,000.
• C)$182,000.
• D)$188,000.

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Definitions:

Organizing Trends

Emerging patterns or developments in how individuals or organizations arrange, systematize, and structure work and operations.

Contemporary Organizations

Modern entities or groups that are structured and managed to meet a need or to pursue collective goals in the current era.

Operating Efficiency

A measure of how effectively a company uses its assets to generate revenue, often reflected in the ratio of operating income to total assets.

Full-Employment Economy

An economic condition in which virtually all who are able and willing to work are employed.